Japan leading firm to expand investment in Vietnam

Japanese leading motor manufacturer NIDEC Corporation plans to expand its business in Vietnam and raise its investment to over 1 billion USD from 600 million USD currently.
Japanese leading motor manufacturer NIDEC Corporation plans to expandits business in Vietnam and raise its investment to over 1 billionUSD from 600 million USD currently.

According toNIDEC Chairman Shigenobu Nagamori, the firm will set up five additionalsubsidiaries in Vietnam with the goal to turn the country into notonly a manufacturing hub but also a leading technology research centrein the region.

Within its business strategy with avision for as far as the next 50-100 years, the firm will bring thelatest technology in the field to Vietnam, while extending it operationbeyond production to research and development (R&D) activities aswell as building a distribution network and enhancing human resourcestraining, he said.

NIDEC also plans to establish aSoutheast Asian network with Vietnam playing the central, he said,adding that the corporation will send Vietnamese workers to Japan fortraining to meet the demand of its R&D centres.

Established in 1973, NIDEC Corporation has presented in Vietnamsince 1990. The corporation’s 69 year-old Chairman of the board,President and CEO has been ranked 23rd among the 50 richest people inJapan in 2013 by Forbes magazine.-VNA

See more

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.